The Kitwe-based Copperbelt Energy Corporation issued the bond through its subsidiary CEC Renewables and intends to use the capital raised for solar, wind, and other renewable energy projects across Zambia. The initial $54m tranche has been fully subscribed since its listing last week, with Zambia’s inaugural green bond attracting interest from banks, financial institutions, and impact investors. The government has indicated that it is prepared to look closely at capital markets regulation, in the hope of attracting the funds required to develop Zambia’s renewables sector and other strategic industries.

The First Ever Green Bond has been Listed on the Lusaka Securities Exchange